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Text Version   RSS   Subscribe   Unsubscribe   Archive   Media Kit      April 03, 2014


 



NAR joins lawsuit against Zillow
National Association of Realtors
NAR is joining a lawsuit filed by MOVE, Inc. against Zillow and new Zillow Chief Industry Development Officer Errol Samuelson. In addition to NAR and MOVE, the plaintiffs include RealSelect, Inc., Top Producer Systems Company and Realtors Information Network, Inc. NAR’s relationship with MOVE and realtor.com is based on a mutual respect for realtors and their efforts to bring online home buying and selling resources to consumers, and the defendants named in the lawsuit have not demonstrated that same respect.
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Register for this NAR commercial webinar
National Association of Realtors
Discover how engaging communities in downtown revitalization can lead to leasing/sales of vacant buildings and other positive impacts on commercial real estate development. Targeted efforts involving Realtor associations, Realtors and community organizations - including a Better Block tactical urbanism event, a Main Street planning approach, and a tour of vacant properties – have resulted in positive economic changes and are strengthening communities. This webinar will detail the results of these efforts and similar efforts might be able to do the same in your community.
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Get involved with ICBR!
Indiana Commercial Board of Realtors
Want to become more involved in ICBR? There are many opportunities for you to get involved in a variety of ways. Stay connected, learn and network with other commercial real estate professionals by volunteering. Here are some ways you can volunteer your time. Commit as little as 15 minutes once, or become involved in a reoccurring commitment such as a committee.
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Submit a nomination for the ICBR REALTOR® of the Year Award?
ICBR
Nominate a REALTOR® member of ICBR that you feel deserves to be recognized at the upcoming Indiana Commercial Real Estate Conference as the 2014 ICBR REALTOR® of the Year. Return the form to the ICBR office by May 25, for consideration.
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Pence signs Indiana business tax cuts into law
Indianapolis Star via The Journal & Courier
Republican Gov. Mike Pence signed a package of business tax cuts into law that he hopes will draw more business into Indiana. The new law slashes the state’s corporate income tax and provides options for county leaders to reduce property taxes on business equipment. But it still will be awhile before the changes take full effect: the corporate tax cut will not be completed until 2023 and the equipment tax cut will be on hold until mid-2015.
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Angie's List to take big chunk of Landmark Center
Indianapolis Business Journal
In a move to keep up with growth and improve employee collaboration, Angie’s List Inc. plans to renovate and occupy four floors of downtown's Landmark Center as part of a consolidation of its off-campus offices. Construction plans filed with the state March 25, indicate Angie’s List will occupy nearly 100,000 square feet of the 315,000-square-foot, 12-story office tower at 1099 N. Meridian St.
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US construction spending barely up as homebuilding tumbles
Reuters
U.S. construction spending barely rose in February as outlays on private residential construction projects recorded their biggest decline in seven months, a sign that severe weather continues to hobble the economy. Construction spending edged up 0.1 percent to an annual rate of $945.7 billion, the Commerce Department said April 1. Construction spending in January was revised to show a 0.2 percent drop instead of the previously reported 0.1 percent gain.
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Home Depot bid to lower property tax payments in Floyd
The Courier-Journal
Home Depot executives contend that Floyd County assessors have “grossly overestimated” the value of their property on State Street, and the retail giant is seeking a tax refund estimated at more than $435,000. Floyd and New Albany officials have teamed to battle the store’s tax appeal, just as they intend to fight a separate appeal by Meijer on Charlestown Road.
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Commercial real estate forecasters see continued US growth
The Dallas Morning News
Top real estate economists expect that commercial property transactions will rise over the next two years to levels not seen since before the recession – exceeding the volumes hit in 2006. Total transaction volume will reach $430 billion by 2016, according to a new forecast by the Urban Land Institute and Ernst & Young. The just-released report is more optimistic than last fall’s industry outlook.
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Shadeland Station shopping center bought for $9.5 million
Indianapolis Business Journal
New York-based Time Equities Inc. has purchased the Shadeland Station shopping center on the city’s northeast side for $9.5 million, the company announced March 27. Located at 7481 Shadeland Ave., the nearly 105,000-square-foot center is anchored by a Marsh supermarket and 85 percent occupied. Other tenants include Planet Fitness, Dollar Tree, H&R Block, Subway and a UPS store.
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Cummins to build downtown office building for 400 workers
Indianapolis Business Journal
Cummins Inc. announced recently that it will build its global distribution headquarters on the two remaining parcels of the Market Square Arena site downtown. The $30 million development, which will include ground-floor retail and a parking garage, initially will house 225 Cummins workers but will contain space for a total of 400. The Columbus, Ind.-based diesel engine maker currently employs about 100 employees in in multi-tenant office space downtown.
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Colby Horton, Vice President of Publishing, 469.420.2601
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